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Samsung posts 32% profit rise on-year in third quarter
Samsung posts 32% profit rise on-year in third quarter
by  AFP

South Korean tech giant Samsung Electronics posted on Thursday a 32 percent rise in profits on-year for the third quarter, driven by AI-fuelled market demand for memory chips. - Share surge - Against the backdrop of AI market opportunities, Samsung -- a bellwether on South Korea's benchmark Kospi index -- has seen its shares surge more than 90 percent since the beginning of this year.

Taxes, labor laws, pensions: what Milei wants to do next
Taxes, labor laws, pensions: what Milei wants to do next
by  AFP

Boosted by his victory in mid-term elections, Argentina's libertarian President Javier Milei is preparing to forge ahead with a second wave of reforms, targeting the labor market, taxation system and, down the line, pensions.

Meta shares sink as $16 bn US tax charge tanks profit
Meta shares sink as $16 bn US tax charge tanks profit
by  AFP

Meta shares dove more than eight percent in after-hours trading Wednesday after the tech giant reported a US tax charge took a roughly $16 billion bite out of its quarterly profit. Quarterly revenue however exceeded analyst expectations at $51.2 billion, a 26 percent increase from the same period a year earlier.

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